ESCO Technologies Inc. (ESE) 2020年年度报告「NYSE」.pdf

1、ESCO Technologies Inc.2020 Annual ReportESCO Technologies is a global provider of highly-engineered products and solutions to diverse end-markets that include the defense,aerospace,space,wireless,consumer electronics,healthcare,automotive,electric utility,and renewable energy industries.The company

2、consists of three technology-driven business segments Aerospace&Defense,Utility Solutions Group,and RF Shielding&Test.PHOTO CREDITS/Front cover:F-35 Joint Strike Fighters,courtesy of AF.mil(top);spacecraft,courtesy of NASA.gov(second from top)Above:Submarine,courtesy of NAVY.mil(top)1ESCO has a long

3、-stated commitment to our multi-segment operating structure and a fundamental strategy focused on continued innovation and expansion of our highly-engineered products and solutions.This approach has been intentionally developed to enhance the sustainability of our sales and earnings through serving

4、a wide variety of end-markets.COVID-19 put us all to the test in 2020,and our product and end-market diversity has been a key to our success in navigating the abrupt changes and unique challenges presented by the pandemic.While the normally predictable aerospace and electric utility markets experien

5、ced disruptions in 2020,strength in navy/defense,space,and 5G development helped provide stability during this unprecedented time.We feel our ability to deliver solid operating cash flow,enhance our financial liquidity,and maintain reasonable profitability across all three of our business segments v

6、alidates our approach.As we emerge from this crisis,we believe our commitment to expanding our diversified portfolio through new product development and selective acquisitions will continue to be the foundation for delivering long-term revenue and earnings growth.Strength Through Diversification2020